BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) Short Interest Up 213.1% in July

BondBloxx Bloomberg One Year Target Duration US Treasury ETF (NYSEARCA:XONE) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 203,367 shares, a growth of 213.1% from the July 15th total of 64,946 shares. Based on an average daily volume of 222,154 shares, the short-interest ratio is currently 0.9 days. Approximately 1.2% of the shares of the company are sold short.

Institutional Trading of BondBloxx Bloomberg One Year Target Duration US Treasury ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Beacon Capital Management Inc. boosted its holdings in BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 304.4% in the 4th quarter. Beacon Capital Management Inc. now owns 833 shares of the company’s stock worth $41,000 after buying an additional 627 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the first quarter valued at about $68,000. American Trust bought a new stake in BondBloxx Bloomberg One Year Target Duration US Treasury ETF during the fourth quarter valued at about $95,000. Royal Bank of Canada lifted its position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF by 33.1% in the fourth quarter. Royal Bank of Canada now owns 2,701 shares of the company’s stock valued at $134,000 after acquiring an additional 672 shares in the last quarter. Finally, Wealth Watch Advisors INC purchased a new position in shares of BondBloxx Bloomberg One Year Target Duration US Treasury ETF in the fourth quarter valued at about $182,000. 47.99% of the stock is currently owned by institutional investors.

BondBloxx Bloomberg One Year Target Duration US Treasury ETF Stock Up 0.0%

XONE traded up $0.02 during midday trading on Friday, reaching $49.35. The company had a trading volume of 74,907 shares, compared to its average volume of 118,170. The business has a 50-day moving average of $49.30 and a two-hundred day moving average of $49.41. BondBloxx Bloomberg One Year Target Duration US Treasury ETF has a 1 year low of $49.20 and a 1 year high of $49.70. The company has a market cap of $829.57 million, a P/E ratio of -52.50 and a beta of 0.01.

About BondBloxx Bloomberg One Year Target Duration US Treasury ETF

The Bondbloxx Bloomberg One Year Target Duration US Treasury ETF (XONE) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is passively managed to invest in a portfolio of US Treasury securities with a target duration of one year. XONE was launched on Sep 13, 2022 and is managed by BondBloxx.